Vecima Networks (TSE:VCM) Hits New 12-Month Low – Here’s Why

Vecima Networks Inc. (TSE:VCM)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as C$13.05 and last traded at C$13.10, with a volume of 5715 shares changing hands. The stock had previously closed at C$13.26.

Analyst Upgrades and Downgrades

Separately, Accountability Research cut their price objective on Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th.

Vecima Networks Price Performance

The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61. The stock has a market capitalization of C$313.60 million, a PE ratio of 16.13 and a beta of 0.63. The company has a 50-day moving average of C$15.63 and a 200 day moving average of C$18.74.

Vecima Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, November 22nd. Vecima Networks’s payout ratio is 27.50%.

Insider Buying and Selling

In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total transaction of C$27,840.00. Over the last ninety days, insiders bought 1,500 shares of company stock worth $25,390. 57.14% of the stock is owned by corporate insiders.

About Vecima Networks

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.